WGU D080 ACTUAL OA FINAL EXAM CURRENTLY TESTING
QUESTIONS WITH COMPLETE SOLUTIONS |A GRADE
What is globalization? - Answer as international integration arising from the exchange of
world views, products, ideas, and other aspects of culture.
What is Culture Globalization? - Answer refers to the transmission of ideas, meanings, and
values around the world in such a way that extends and intensifies social relations.
What is Political Globalization? - Answer Refers to the emergence of an increasing number
of global institutions such as the growth of both intergovernmental organizations and
nongovernmental organizations
What is Economic Globalization? - Answer A process of increasing cross-border flows of
capital, goods, services, and people
What is International Business? - Answer the buying, selling, and trading of goods and
services across national boundaries
What is intellectual property? - Answer a work or invention that is the result of creativity,
such as a manuscript or a design, to which one has rights and for which one may apply for
a patent, copyright, trademark, etc.
What is the FIRST stage of going global? - Answer Market entry- companies enter new
countries using business models similar to the ones deployed in their home markets. To
gain access to local customers, however, companies often need to establish a production
presence, either because of the nature of their businesses, such as in-service industries
like food, retail, or banking, or because of local countries' regulatory restrictions, such as
in the auto industry.
What is the SECOND stage of going global? - Answer Product Specialization- companies
transfer the full production process of a particular product to a single, low-cost location
and export the goods to various consumer markets. In this scenario, different locations
begin to specialize in different products or components and trade in finished goods.
What is the THIRD stage of going global? - Answer value chain disaggregation- represents
the next step in the company's globalization of the supply chain infrastructure. In this stage,
companies disaggregate the production process and focus on completing each activity in the
most advantageous location. Individual components of a single product might be
manufactured in several different places and assembled into final products elsewhere.
Examples include the PC industry market and the decision by companies to offshore some of
their business processes and information technology services.2
What is the FOURTH stage of going global? - Answer Value chain reengineering- companies
seek to further increase their cost savings by reengineering their processes to suit local
market conditions by substituting lower cost labor for capital. General Electric's (GE) medical
equipment division, for example, has tailored its manufacturing processes abroad to take
advantage of low labor costs. Not only does
,WGU D080 ACTUAL OA FINAL EXAM CURRENTLY TESTING
QUESTIONS WITH COMPLETE SOLUTIONS |A GRADE
it use more labor-intensive production processes, but it also designs and builds the capital
equipment for its local plants
What is the FIFTH stage of going global? - Answer creation of new markets- the focus is on
market expansion. This allows companies to substantially lower their sticker prices in both
old and new markets and to expand demand. Significantly, the value of new revenues
generated in this last stage is often greater than the value of cost savings in the other
stages.
What are Globalization drivers? - Answer *Market
*Cost
*Competition
*Government
What is a market globalization driver? - Answer Opportunity for scale
Convergence of needs
What is a cost globalization driver? - Answer Deals with economies of scale and scope,
Exploiting cost of factors of production
What is a competitive driver in globalization? - Answer new markets increase
levels of trade
What is a government driver in globalization? - Answer favorable policies support
for industry
What is economies of scale? - Answer when the average cost of producing a good or service
falls as the quantity produced increases
What is economies of scope? - Answer -Lowering the initial price of production
-Multi-product production
What are some issues that can arise when a company moves to another country? - Answer
Ethical issues, governmental policies, and economic restrictions are all likely when a
company moves into an unfamiliar global space. A multinational company may also face
infrastructural and technological challenges in a developing country.
What is Anarchism? - Answer which contends that individuals should control political
activities, and public government is both unnecessary and unwanted.
What is Totalarianism? - Answer which contends that every aspect of an individual's life
should be controlled and dictated by a strong central government.
What is Pluralism? - Answer which asserts that both public and private groups are essential
in a well-functioning political system. Although most countries are pluralistic politically, they
may lean more to one extreme than to the other.
, WGU D080 ACTUAL OA FINAL EXAM CURRENTLY TESTING
QUESTIONS WITH COMPLETE SOLUTIONS |A GRADE
What is a Authoritarian government? - Answer centralize all control in the hands of one
strong leader or a strong small group of leaders who have full authority. These leaders are
not democratically elected and are not politically, economically, or socially accountable to
the people in the country.
What is a Monarchy? - Answer A single person rules until he or she dies or abdicates the
throne.
Power can vary by type: absolute, constitutional, or a mix of both.
What is Oligarchy? - Answer A small, elite group holds power Status not
achieved through noble ancestry
What is dictatorship? - Answer A single person (or a very small group of people) holds
power.
Wields complete and absolute authority over a government and population.
What is a democracy? - Answer Citizens organize political parties and elect leaders Leaders
power organized through constitution and term limits
What government do other countries favor in terms of having a high success rate? - Answer
Authoritarian
What are the classifications of economic growth in countries? - Answer industrialized,
developing, and less-developed nations.
What is an industrialized nation? - Answer Industrialized nation is technology, $$$, and
jobs.
EXAMPLE: USA, Canada, Italy, France, Most other nations.
What is a less-developed country? - Answer agriculture remains the common industry.
Subsistence Farming is common and poverty is extremely high. Latin America, Asia and
Africa are very high in underdeveloped countries
What is a developing nation? - Answer that make the transition from economies based on
agricultural and raw materials production to industrialized economies. They exhibit rising
levels of education, technology, and per capita incomes. Governments in these nations have
often made steady progress in improving the climate for business, which attracts business
and economic investment. Examples of developing nations include India and Costa Rica.2
What is a traditional economy? - Answer Centered around a family or tribe and guided by
tradition
Found in hunt-gatherer and nomadic societies; everyone consumes and produces the
same goods.
Relies on bartering
Members produce what they need with no surplus Eventually, the
economy evolves to some form of currency
QUESTIONS WITH COMPLETE SOLUTIONS |A GRADE
What is globalization? - Answer as international integration arising from the exchange of
world views, products, ideas, and other aspects of culture.
What is Culture Globalization? - Answer refers to the transmission of ideas, meanings, and
values around the world in such a way that extends and intensifies social relations.
What is Political Globalization? - Answer Refers to the emergence of an increasing number
of global institutions such as the growth of both intergovernmental organizations and
nongovernmental organizations
What is Economic Globalization? - Answer A process of increasing cross-border flows of
capital, goods, services, and people
What is International Business? - Answer the buying, selling, and trading of goods and
services across national boundaries
What is intellectual property? - Answer a work or invention that is the result of creativity,
such as a manuscript or a design, to which one has rights and for which one may apply for
a patent, copyright, trademark, etc.
What is the FIRST stage of going global? - Answer Market entry- companies enter new
countries using business models similar to the ones deployed in their home markets. To
gain access to local customers, however, companies often need to establish a production
presence, either because of the nature of their businesses, such as in-service industries
like food, retail, or banking, or because of local countries' regulatory restrictions, such as
in the auto industry.
What is the SECOND stage of going global? - Answer Product Specialization- companies
transfer the full production process of a particular product to a single, low-cost location
and export the goods to various consumer markets. In this scenario, different locations
begin to specialize in different products or components and trade in finished goods.
What is the THIRD stage of going global? - Answer value chain disaggregation- represents
the next step in the company's globalization of the supply chain infrastructure. In this stage,
companies disaggregate the production process and focus on completing each activity in the
most advantageous location. Individual components of a single product might be
manufactured in several different places and assembled into final products elsewhere.
Examples include the PC industry market and the decision by companies to offshore some of
their business processes and information technology services.2
What is the FOURTH stage of going global? - Answer Value chain reengineering- companies
seek to further increase their cost savings by reengineering their processes to suit local
market conditions by substituting lower cost labor for capital. General Electric's (GE) medical
equipment division, for example, has tailored its manufacturing processes abroad to take
advantage of low labor costs. Not only does
,WGU D080 ACTUAL OA FINAL EXAM CURRENTLY TESTING
QUESTIONS WITH COMPLETE SOLUTIONS |A GRADE
it use more labor-intensive production processes, but it also designs and builds the capital
equipment for its local plants
What is the FIFTH stage of going global? - Answer creation of new markets- the focus is on
market expansion. This allows companies to substantially lower their sticker prices in both
old and new markets and to expand demand. Significantly, the value of new revenues
generated in this last stage is often greater than the value of cost savings in the other
stages.
What are Globalization drivers? - Answer *Market
*Cost
*Competition
*Government
What is a market globalization driver? - Answer Opportunity for scale
Convergence of needs
What is a cost globalization driver? - Answer Deals with economies of scale and scope,
Exploiting cost of factors of production
What is a competitive driver in globalization? - Answer new markets increase
levels of trade
What is a government driver in globalization? - Answer favorable policies support
for industry
What is economies of scale? - Answer when the average cost of producing a good or service
falls as the quantity produced increases
What is economies of scope? - Answer -Lowering the initial price of production
-Multi-product production
What are some issues that can arise when a company moves to another country? - Answer
Ethical issues, governmental policies, and economic restrictions are all likely when a
company moves into an unfamiliar global space. A multinational company may also face
infrastructural and technological challenges in a developing country.
What is Anarchism? - Answer which contends that individuals should control political
activities, and public government is both unnecessary and unwanted.
What is Totalarianism? - Answer which contends that every aspect of an individual's life
should be controlled and dictated by a strong central government.
What is Pluralism? - Answer which asserts that both public and private groups are essential
in a well-functioning political system. Although most countries are pluralistic politically, they
may lean more to one extreme than to the other.
, WGU D080 ACTUAL OA FINAL EXAM CURRENTLY TESTING
QUESTIONS WITH COMPLETE SOLUTIONS |A GRADE
What is a Authoritarian government? - Answer centralize all control in the hands of one
strong leader or a strong small group of leaders who have full authority. These leaders are
not democratically elected and are not politically, economically, or socially accountable to
the people in the country.
What is a Monarchy? - Answer A single person rules until he or she dies or abdicates the
throne.
Power can vary by type: absolute, constitutional, or a mix of both.
What is Oligarchy? - Answer A small, elite group holds power Status not
achieved through noble ancestry
What is dictatorship? - Answer A single person (or a very small group of people) holds
power.
Wields complete and absolute authority over a government and population.
What is a democracy? - Answer Citizens organize political parties and elect leaders Leaders
power organized through constitution and term limits
What government do other countries favor in terms of having a high success rate? - Answer
Authoritarian
What are the classifications of economic growth in countries? - Answer industrialized,
developing, and less-developed nations.
What is an industrialized nation? - Answer Industrialized nation is technology, $$$, and
jobs.
EXAMPLE: USA, Canada, Italy, France, Most other nations.
What is a less-developed country? - Answer agriculture remains the common industry.
Subsistence Farming is common and poverty is extremely high. Latin America, Asia and
Africa are very high in underdeveloped countries
What is a developing nation? - Answer that make the transition from economies based on
agricultural and raw materials production to industrialized economies. They exhibit rising
levels of education, technology, and per capita incomes. Governments in these nations have
often made steady progress in improving the climate for business, which attracts business
and economic investment. Examples of developing nations include India and Costa Rica.2
What is a traditional economy? - Answer Centered around a family or tribe and guided by
tradition
Found in hunt-gatherer and nomadic societies; everyone consumes and produces the
same goods.
Relies on bartering
Members produce what they need with no surplus Eventually, the
economy evolves to some form of currency
